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This is brilliant! An education in VC finance by itself, I learned more than from this than from any ten of Paul Graham's essays, and that's the highest praise I can express.

Astonishing that there aren't more comments and likes since you wrote this piece in 2021. Is the Mirrortable system [still/yet] in use? Have the on-chain alternatives you mentioned matured?

This looks like a big chunk of the infrastructure needed for the self-reproducing "seed factory" system organized as an internal economy of small businesses that I'm pitching. It will gradually replace labor income with profits from capital, instead of UBI, make physical production as easy as running a program, and eventually will do the same on Mars.

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